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Stop the presses! Apparently there is a group of Generation Yers out there who aren&#39;t freaking out about the possibility of not being able to find work, or facing the prospect of putting off their &quot;real&quot; career until their mid-30s, when the Baby Boomers have retired. That&#39;s right, folks, there is a distinct subset of the 22-30 crowd that not only have jobs but claim they are &quot;rewarding and the long-term prospects are good.&quot;&lt;p&gt;Who are these chosen few? How did they get so lucky? Two words: oil industry. According to the Houston Business Journal, a Deloitte report found that &quot;there is an abundance of long-term opportunity in the business, largely because of a huge generation gap between young and old.&quot; As a result, an industry specialist quoted in piece thinks that “this younger generation is going to be called upon to handle a lot more responsibility at a younger age.”&lt;p&gt;It&#39;s not all good news, though: emphasizing the crazy Catch-22 logic at play in all industries at the moment, the piece also goes on to point out that, among industry managers, &quot;the No. 1 topic is cutbacks.&quot; That means many Gen Yers are getting pink slips as &quot;Companies are likely to keep more senior people on when job cuts become a necessity.&quot;&lt;p&gt;Where those same companies will be five and ten years down the line when their aging workforce is retiring and there&#39;s no one to fill their positions, however, remains to be seen.&lt;p&gt;A quick summary, then: the oil and gas industry have great long-term prospects. The short-term prospects, however, are about the same as they are everywhere else: almost nonexistent. Make of that what you will, but keep an eye on positions in the industry as the economy starts to recover.&lt;p&gt;&lt;i&gt;&lt;b&gt;--Posted by Phil Stott, Vault.com&lt;/b&gt;&lt;/i&gt;

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